Delgermaa is a thirty-nine-year-old lady who lives with her family in an outer ger district without basic infrastructure in Ulaanbaatar city, Mongolia. For the past eight years, she has supported her family by operating a small grocery store business.
When she first began her business she had a working capital of 500,000 Mongolian Tugriks (MNT). Since then she improved her business and now she has a working capital of 1,700,000 MNT. Degermaa’s daily income is about 100,000-120,000 MNT. Furthermore she plans to enlarge her business activity.
Thus, Delgermaa is requesting a 1,600,000 MNT loan to purchase a variety of food products to sell and to increase her working capital.
Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.